Thats what got me confused. The data sheet also mentions a 1200smthin mW power dissipation, but I was thinking maybe this was per led on the actual thing (since it has 6 individual leds, and 6*1,2 is pretty close to 7W), but then that brings me back to the current thing, since the actual leds are in 2 parallel groups of 3, either it should be 700mA for the 2 parralel loops or something magic is going on).
I guess I might just look at another power led, or order one to do some testing with first and see what I actually measure.